China’s Guangzhou R&F plans up to RMB 7 billion medium-term notes

By Marisa Wong

Madison, Wis., Sept. 19 – Guangzhou R&F Properties Co., Ltd. is proposing an up to RMB 7 billion issue of domestic medium-term notes, according to a company announcement.

The notes will have a maturity of three to 10 years.

The issuer intends to use proceeds for the development of ordinary commodity housing projects, to replenish its working capital and to repay bank loans for its welfare housing projects and ordinary commodity housing project.

The proposed notes are subject to shareholder approval at an upcoming extraordinary general meeting.

The real estate company is based in Guangzhou, China.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.